The Employees’ Old-Age Benefits Institution (EOBI) reported its investment portfolio valued at Rs 691.91 billion as of February 28. Fixed-income instruments continue to dominate the asset allocation, forming the primary source of income generation.
Fixed-income assets make up Rs 592.12 billion, accounting for 85.58 percent of the total portfolio. Pakistan Investment Bonds (PIBs) are the largest component within this category, valued at Rs 540.35 billion with accrued profits of Rs 49.61 billion. Corporate fixed income investments stand at Rs 2.16 billion. This allocation highlights EOBI’s strategy to prioritize low-risk, stable income streams to meet its pension liabilities, maintaining minimal exposure to equities.
Equity holdings total Rs 41.24 billion, representing 5.96 percent of the portfolio. These include Rs 26.38 billion in available-for-sale equities and Rs 14.86 billion in held-for-trading shares. Real estate forms the third major asset class, with properties valued at Rs 42.36 billion and ongoing projects worth Rs 16.20 billion, totaling Rs 58.55 billion or 8.46 percent of the portfolio.
For the fiscal year 2025-26, EOBI has budgeted total investment income of Rs 78.89 billion. Between July 2025 and February 2026, actual income reached Rs 56.45 billion, surpassing the budgeted figure of Rs 52.59 billion. Fixed-income investments generated Rs 47.15 billion during this period, exceeding the budgeted Rs 45.39 billion. Equities contributed Rs 8.54 billion, including Rs 4.79 billion from dividends and Rs 3.75 billion from capital gains. Real estate investments provided steady rental income amounting to Rs 764 million, consistent with projections.
Total receipts from July 2025 to January 2026 stood at Rs 96.68 billion, slightly below the budgeted Rs 99.00 billion. Contribution revenues were Rs 48.61 billion, while investment income totaled Rs 48.07 billion, underscoring the increasing importance of investment returns. Total expenditures during this period reached Rs 44.62 billion, with pension payments comprising Rs 42.01 billion. Management expenses were maintained at 1.40 percent of receipts, well below the budgeted 2.22 percent.
In a significant development, EOBI’s financial sustainability remains heavily dependent on fixed-income investments, with equities and real estate serving as supplementary income sources to support pension obligations.
